Posted in EducationGovernment
Byju’s Rights Issue Got Delayed by NCLT Amid Investors’ Allegations
Share on: WhatsApp
Posted in Education
From Government Job to Entrepreneurship – The Story Behind GIGL India
GIGL – Great Ideas Great Life, isn’t just another EdTech company; it’s a movement reshaping the landscape of education and accessibility in India. GIGL has more than 33 lakh users with a 4.8 ★ rating given by 1,55,000+ users. GIGL was started by Hemant Pant. Before that Hemant worked as an S.D.O in Himachal Pradesh for 5 years after completing…
Posted in Education
Byju’s Plans to Raise $200 Million Through Right Issue
Three points you will get to know in this article: Byju’s, the leading Edtech company, is in the process of securing $200 million through a rights issue extended to all its equity shareholders. This strategic move coincides with the company’s ambitious goal of initiating a more substantial equity fundraising round. The intended rights issuance by TLPL is designed to bolster…
Posted in Education
upGrad’s KnowledgeHut CEO Subramanyam Reddy Resigns
Three points you will get to know in this article: Subramanyam Reddy, the visionary behind Knowledgehut, an edtech company now under the upGrad umbrella, has gracefully stepped down from his role as founder and chief executive, marking the end of an impressive 13-year tenure with the organization. Sources reveal that Reddy tendered his resignation just last month and is presently…
Posted in Education
PhysicsWallah Achieves 3.4X Revenue Growth and Profitability Surge in FY23
Three points you will get to know in this article: In the fiscal year 2023, the EdTech giant PhysicsWallah demonstrated commendable profitability, witnessing a remarkable 3.4X surge in its total revenue, reaching Rs 798 crore, as disclosed by the financial data provided by the Noida-based company. Throughout the fiscal year concluding in March 2023, the firm experienced a substantial rise…
Posted in Education
BYJU’S Responds to ED Show Cause Notices, Describes Them as Technical
Three points you will get to know in this article: BYJU’S, the prominent edtech decacorn, responded on Wednesday (November 29) to show cause notices from the Enforcement Directorate (ED), describing them as ‘purely technical’ and expressing confidence in effectively addressing the issue. ED Queries and BYJU’S Compliance In an official statement, the company clarified that the ED’s inquiries mainly stem…
Posted in Daily FeedsEducation
Edtech Unicorn PhysicsWallah Lays Off Approximately 120 Employees
Three points you will get to know in this article: PhysicsWallah, the prominent Ed-Tech unicorn, recently underwent a restructuring phase resulting in the departure of approximately 70-120 team members. Although external reports attribute this to a cost-cutting initiative, the company asserts that these workforce adjustments were prompted by performance-related considerations. Satish Khengre, the Chief Human Resources Officer at PhysicsWallah, shed…
Edtech Giant BYJU’S in Negotiations with Private Equity Firms for Aakash Sale
Three points you will get to know in this article: It appears that BYJU’S, the leading edtech company led by Byju Raveendran, is facing significant challenges and is considering the sale of Aakash Educational Services Limited, which is considered its most valuable asset. According to a report by ET, BYJU’S has engaged in discussions with private equity firms like Bain…
Posted in Education
The Future of Work: Empowering Employees with Gamified Learning
Three points you will get to know in this article: The evolution of the professional landscape necessitates a fresh approach to learning—one that engages, empowers, and kindles a flame of brilliance within each team member. In the present corporate realm, every organization aspires to cultivate a workforce fueled by genuine passion, armed with state-of-the-art skills, and steered by a profound…
Posted in BusinessEducationFinanceTechnology
Byju’s Conducts Strategic Asset Evaluation to Prioritize Core Business and Generate Cash Flow
Three points you will get to know in this article: According to persons familiar with the situation, Byju’s, India’s most valuable startup, is conducting a strategic evaluation of all assets acquired in the last few years in order to sell non-core subsidiaries and refocus its focus back to core, profitable industries. According to the sources referenced above, Byju’s plans to…